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Business News at 1:30 p.m.
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WASHINGTON The number of U.S. families stuck in crushingly expensive rental housing has surged in the aftermath of the Great Recession, according to a new analysis of Census data. By Josh Boak. SENT: 890 words, photo.
LOS ANGELES Major Hollywood studios are trying to court young super fans who blog about movies and in the process, help build excitement among other youngsters ahead of a movie's debut. By Ryan Nakashima. SENT: 960 words, photos.
BUENOS AIRES All across Argentina's capital, lodged between the steakhouses, ice-cream shops and pizza places, is an abundance of something that is disappearing worldwide: bookstores. Per capita, Buenos Aires has the most bookstores of any city in the world. By Debora Rey. SENT: 700 words, photos.
RURAL HOSPITALS-HARD TIMES-ABRIDGED
OSCEOLA, Mo. A growing number of rural hospitals have been closing across the U.S., victims of a complex combination of changing demographics, medical practices, management decisions and federal policies that have heightened the financial pressure on facilities that sometimes average only a few in-patients a day. It could be just the beginning of what some health care analysts fear is a potential crisis. By David A. Lieb. SENT: 790 words, photos.
BC-US--RURAL HOSPITALS-HARD TIMES -Q&A.
MARKETS & ECONOMY:
WASHINGTON U.S. factories expand in April at the same pace as in March, but manufacturers are starting to curtail hiring in a possible sign of weakness. By Josh Boak. SENT: 410 words, photo.
WASHINGTON Optimism about the job market lifts U.S. consumer sentiment in April to its second-highest level since 2007. By Paul Wiseman. SENT: 320 words.
WASHINGTON U.S. construction falls in March as an increase in nonresidential construction was offset by declines in home building and government projects. By Martin Crutsinger. SENT: 290 words, photo.
NEW YORK U.S. stocks are moving higher in early trading as the market bounces back from a steep decline the day before. SENT: 440 words, photos. UPCOMING: 700 words by 5 p.m.
OMAHA, Neb. Warren Buffett's Berkshire Hathaway plans to release its first-quarter earnings report on the eve of its annual shareholders meeting. By Josh Funk. UPCOMING: 600 words by 7 p.m., photos.
EARNS-CVS CVS Health's first-quarter earnings, fueled by specialty drug claims, climbed 8 percent and easily topped Wall Street expectations. SENT: 580 words, photo.
DETROIT General Motors, Ford, Fiat Chrysler and Nissan all report U.S. sales gains last month as Americans continue to choose small and midsize SUVs and pickup trucks over cars. By Tom Krisher. SENT: 520 words, photo. UPCOMING: Will be updated as automakers release figures during the day, 600 words by 4 p.m. Incorporates AUTO SALES-GENERAL MOTORS, AUTO SALES-FORD.
FORD-RECALL EXPANSION Under pressure from U.S. safety regulators, Ford is expanding a recall of small and midsize cars to fix door latches that may not stay closed. SENT: 120 words. UPCOMING: Will be updated.
OIL TRAIN RULES New safety rules are coming for oil trains to reduce the risk of fiery crashes. The requirements by U.S. and Canadian officials include stronger tank cars. By Joan Lowy. SENT: 700 words.
PORTUGAL-PILOTS STRIKE Pilots at Portugal's state-owned national airline begin a 10-day strike, forcing flight cancellations as they demand to be given up to a 20 percent stake in the company when it is privatized later this year. SENT: 140 words.
YUM BRANDS-THIRD POINT STAKE Shares of the parent company of KFC, Taco Bell and Pizza Hut soared Friday after a prominent investor said he's taken a stake in the company thinks it could soon recover from years of trouble in China. SENT: 230 words.
SPACEX ESCAPE TEST SpaceX is just days away from shooting up a crew capsule to test a launch escape system designed to save astronauts' lives. SENT: 140 words.
BODY CAMERAS-POLICE CHIEFS Abandoning a practice that has faced criticism, Taser International will no longer hire police chiefs with whom it has business relationships within weeks or months after they leave public service. SENT: 780 words.
TECHNOLOGY & MEDIA:
TESLA-BATTERY POWER FOR HOMES
FOSTER CITY, Calif. Billionaire entrepreneur Elon Musk is determined to jolt the electricity market. The CEO of electric car maker Tesla Motors hopes to park hundreds of millions of large, solar panel-connected batteries in homes and businesses so the world can disconnect from power plants and he can profit. By Michael Liedtke and Jonathan Fahey. SENT: 900 words, photos, video. First sent previous cycle, announcement made late Thursday.
LOS ANGELES Chatting with Bradley Cooper; recording a song with Clint Black; working a relief mission with Patricia Arquette; being serenaded by Michael Bolton. These are just some of the WOW! moments possible for everyday donors through a new online charity service that combines star power with digital marketing savvy to contribute millions to celebrity causes worldwide. By Entertainment Writer Anthony McCartney. SENT: 1,030 words, photos and video.
CELEBRITY CHARITY-CHIDEO-GLANCE UPCOMING: 200 words by 1 p.m.
CHINA-UBER RAID Police in southern China raid the office of U.S. car-hailing app Uber after the Chinese government in January banned drivers of private cars from offering such services through apps. SENT: 160 words.
APPLE-TATTOOGATE It's an annoying problem for the unlucky few: the Apple Watch's heart rate monitor might not work if you have a tattoo on your wrist. SENT: 320 words.
MUSIC-GROOVESHARK CLOSES Visitors to the music pirate website Grooveshark.com won't be finding their favorite songs for free anymore. Instead, they are being greeted with a message apologizing without reservation for the site failing to secure licenses from rights holders for the vast amount of music on the service. SENT: 130 words.
LOS ANGELES After demonstrating the merits of a Japanese-made bullet train to California's governor, Prime Minister Shinzo Abe is heading to a session with Japanese-Americans to promote expanded trade between his country and the U.S. By Olga R. Rodriguez and Michael Blood. SENT: 600 words, photos.
CHINA-MANUFACTURING Manufacturing in China barely grew in April, continuing sluggish recent performance in the world's second biggest economy. SENT: 170 words.
FRANCE-BANK-PROSECUTION France's largest bank, BNP Paribas, has been sentenced for violating U.S. sanctions by processing transactions for clients in blacklisted countries. SENT: 130 words.
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Mid-season report: Not so bad
More than half the companies in the Standard & Poor's 500 index have reported their first-quarter results and most have been better than expected. UPCOMING: Graphic expected by 6 p.m.
LinkedIn shares plummet
LinkedIn shares plunged Friday after the professional networking service gave a disappointing outlook for the second quarter. UPCOMING: Graphic expected by 6 p.m.